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Formula 1 Driver Salaries

In 2017

Sebastian Vettel is the highest paid Formula 1 driver in this years F1 season with a record 3 year deal with Ferrari worth $150 million he is also one of the highest paid athlete/sportsman in the world. Prior to this years season, Lewis Hamilton also signed new 3 year deal to remain with Mercedez worth $31 million a-year guaranteed salary plus upto $10 million in bonuses making him second highest paid driver behind Vettel.

Sebastian Vettel (Ferrari) $50 million guaranteed in first year
Basic $30m a year plus bonuses afterwards 3 Years Deal

Fernando Alonso (McLaren) Max $40 million a year
Including all bonuses 2 Year Deal

Lewis Hamilton (Mercedez) $31 million a year basic salary
Plus performance bonuses upto $10m a year

Kimi Raikonen (Ferrari) Took a big pay-cut with guaranteed $7 million
plus performance bonuses of max $10 million

Valtteri Bottas (Mercedes) $8.5 million a year
Including bonuses with switch to Mercedes 1 Year Deal

Felipe Massa (Williams) $5 million a year
Came out of retirement and took a paycut to drive for Williams for 1 extra year

Nico Hulkenberg (Renault F1) $3 million a year
Joined Renault F1 with 1 year deal

Max Verstappen (Red Bull) $3 milion a year
Max re-negotiated financially Multi-year contract with Red Bull. Details are yet still unknown but it is estimated that he will earn around $30 million a year.

Sergio Perez (Force India) $2.5 million a year
2017 is his last year into his multi-year contract.

Romain Grosjean (HAAS F1) $1.5 million a year
Signed one year deal with HAAS F1.

Kevin Magnussen (HAAS F1) $1 million a year
Signed one year deal with HAAS F1 after rejecting 1 year contract extension from Renault F1 last year.

Jolyon Palmer (Renault F1) $1 million a year
Before being removed from the team

Daniil Kvyat (Toro Rosso) $750,000 a year
Before being removed from the team

Carlos Sainz (Toro Rosso) $750,000 a year
This season is his third consecutive season with the team.

Esteban Ocon (Force India) $185,000 a year
This year Force India promoted him to partner Sergio

Perez after Hulkenburg left the team
This year renewed his contract for a extra year for 2017 season.

Stoffel Vandoorne (McLaren) $300,000 a year
Plus bonuses 1 year deal for 2017

Marcus Ericsson (Sauber) $285,000 a year
1 year contract

Pascal Wehrlein (Sauber) $150,000 a year
Joined Sauber this season.

Lance Stroll (Williams) Not known.
Some reports suggest his father Lawrence Stroll is investing $35 million to the team for Lance to drive for them. 1 year deal for 2017.